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Entourage Health (Entourage Health) Piotroski F-Score : 4 (As of May. 12, 2024)


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What is Entourage Health Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Entourage Health has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Entourage Health's Piotroski F-Score or its related term are showing as below:

ETRGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 9 years, the highest Piotroski F-Score of Entourage Health was 5. The lowest was 1. And the median was 3.


Entourage Health Piotroski F-Score Historical Data

The historical data trend for Entourage Health's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Entourage Health Piotroski F-Score Chart

Entourage Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 3.00 2.00 4.00 2.00

Entourage Health Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 2.00 2.00 4.00 4.00

Competitive Comparison of Entourage Health's Piotroski F-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Entourage Health's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Entourage Health's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Entourage Health's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Entourage Health's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was -64.721 + -6.976 + -7.205 + -7.32 = $-86.22 Mil.
Cash Flow from Operations was -5.532 + -5.529 + -4.028 + 0.628 = $-14.46 Mil.
Revenue was 6.406 + 8.649 + 7.658 + 6.467 = $29.18 Mil.
Gross Profit was -9.141 + 2.92 + 2.302 + 1.803 = $-2.12 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(90.334 + 34.205 + 39.872 + 28.079 + 28.675) / 5 = $44.233 Mil.
Total Assets at the begining of this year (Sep22) was $90.33 Mil.
Long-Term Debt & Capital Lease Obligation was $4.61 Mil.
Total Current Assets was $23.55 Mil.
Total Current Liabilities was $120.13 Mil.
Net Income was -34.773 + -6.923 + -7.05 + -13.068 = $-61.81 Mil.

Revenue was 8.282 + 9.814 + 7.569 + 7.553 = $33.22 Mil.
Gross Profit was -1.767 + 1.532 + -2.694 + -4.47 = $-7.40 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(119.291 + 112.675 + 104.746 + 103.436 + 90.334) / 5 = $106.0964 Mil.
Total Assets at the begining of last year (Sep21) was $119.29 Mil.
Long-Term Debt & Capital Lease Obligation was $87.88 Mil.
Total Current Assets was $32.80 Mil.
Total Current Liabilities was $12.47 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Entourage Health's current Net Income (TTM) was -86.22. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Entourage Health's current Cash Flow from Operations (TTM) was -14.46. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep22)
=-86.222/90.334
=-0.95448004

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-61.814/119.291
=-0.51817824

Entourage Health's return on assets of this year was -0.95448004. Entourage Health's return on assets of last year was -0.51817824. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Entourage Health's current Net Income (TTM) was -86.22. Entourage Health's current Cash Flow from Operations (TTM) was -14.46. ==> -14.46 > -86.22 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=4.607/44.233
=0.10415301

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=87.882/106.0964
=0.82832217

Entourage Health's gearing of this year was 0.10415301. Entourage Health's gearing of last year was 0.82832217. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep23)=Total Current Assets/Total Current Liabilities
=23.553/120.125
=0.19607076

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=32.801/12.467
=2.63102591

Entourage Health's current ratio of this year was 0.19607076. Entourage Health's current ratio of last year was 2.63102591. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Entourage Health's number of shares in issue this year was 307.43. Entourage Health's number of shares in issue last year was 304.363. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=-2.116/29.18
=-0.07251542

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-7.399/33.218
=-0.22274068

Entourage Health's gross margin of this year was -0.07251542. Entourage Health's gross margin of last year was -0.22274068. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep22)
=29.18/90.334
=0.32302345

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=33.218/119.291
=0.27846191

Entourage Health's asset turnover of this year was 0.32302345. Entourage Health's asset turnover of last year was 0.27846191. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+1+0+0+1+1
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Entourage Health has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Entourage Health  (OTCPK:ETRGF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Entourage Health Piotroski F-Score Related Terms

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Entourage Health (Entourage Health) Business Description

Traded in Other Exchanges
Address
250 Elm Street, Aylmer, ON, CAN, N5H 2M8
Entourage Health Corp is a licence holder producing and distributing cannabis products for both the medical and adult-use markets. It owns and operates greenhouse, outdoor, and processing facility located in Strathroy as well as a fully licensed Aylmer processing facility, specializing in cannabis extraction. With the addition of Starseed Medicinal, a medical-centric brand, it has expanded its multi-channeled distribution. The company operates in one segment, the production and sale of cannabis in Canada.

Entourage Health (Entourage Health) Headlines